Best Car Rebates & Incentives

The 2024 Hyundai IONIQ 5 has aggressive discounts as part of a year-end sale. First, there's $7,500 in Retail Bonus Cash. Next, current Hyundai Financial customers can score a $1,500 Year-End Upgrade offer. Finally, EVs in stock for over 180 days are eligible for a $1,000 Aged Inventory Rebate Program.

That's $10,000 in savings. Having said that, IONIQ 5s also offer 0% financing for 60 months. There's also a 48-month option that can be combined with no payments for 90 days which could mean no payments till 2025. The downside is that the financing can't be stacked with the $7,500 Retail Bonus offer.

The 2024 Lincoln Navigator has some of the biggest discounts we've ever seen. First, all versions of the stately luxury SUV have a $10,000 rebate. Additionally, luxury vehicle owners may qualify for a $2,000 conquest cash incentive. That's $12,000 in potential savings.

The $10,000 rebate was introduced on November 1st. However, as we reported previously, Lincoln quietly took away 0% financing for 60 months. Our analysis found that, for those with above-average credit, the 0% APR deal actually offered more savings than the rebate.

Ford is heavily discounting the 2024 Expedition this month. With the redesigned 2025 Expedition set to arrive, the outgoing generation has as much as a $5,000 rebate on purchases.

Through January 2nd, the incentive can be found in regions like Boston, Chicago, Los Angeles, Phoenix, San Francisco, and Seattle. This marks the biggest single discount to date on the current Expedition.

The 2024 BMW XM has steep discounts this month. All versions of the sporty plug-in hybrid feature a $15,000 incentive on purchases. Additionally, BMW Financial is offering 3.99% APR financing for up to 60 months. And that's all before dealer discounts for this slow-selling plug-in.

The 2024 Jeep Grand Cherokee has some of the largest discounts on an SUV with up to $7,500 in potential savings. 3-row Grand Cherokee L Overland models feature $6,000 in Retail Bonus Cash that can be stacked with $1,500 in Retail Customer Cash. Returning Stellantis lessees may also qualify for a $2,000 discount.

Altogether, that's $9,500 off MSRP. Shoppers should be aware that Grand Cherokee incentives vary by trim with smaller rebates on the entry-level Laredo model. Current incentives are set to end on November 12th. We think there's a chance that Jeep may introduce Black Friday deals on November 13th.

All 2025 Dodge Durangos are currently eligible for a Power Dollars Bonus Cash incentive. Interestingly, despite being a 2025 model, SRT Hellcats aren't excluded and offer a whopping $7,100 in savings off MSRP. What's more, V8 Durangos are eligible for $4,000 National Engine Bonus Cash.

On purchases, you can stack the offers for $13,100 in potential savings. This eclipses past Durango deals by a wide margin, making this one of the biggest discounts on a high-powered SUV. Note that the Power Dollars deal is limited to buying and excludes leases. Offers end on December 2nd.

The 2024 Hyundai IONIQ 6 has one of the largest discounts on any car, EV or otherwise. Since it isn't eligible for a federal tax credit, Hyundai is offering $7,500 in Retail Bonus Cash. On the entry-level SE Standard Range trim, that can mean a 19.4% discount off MSRP.

Having said that, the IONIQ 6 continues to benefit from big discounts for leasing. On a 36-month lease, our analysis found that you can score up to an $11,000 lease cash incentive. Consider asking your dealer about a one-pay lease which may help get you the lowest rate.

Last month, Hyundai added a $1,000 Competitive Owner Coupon. It's available to owners and lessees of mainstream brands like Ford, Chevy, Toyota, Honda, and Nissan, not to mention EV brands like Tesla, Polestar, and Fisker. The offers are set to end on December 2nd.

The 2025 BMW 7-Series has massive discounts. For example, the 740i has a $6,000 APR Credit that can be stacked with 2.99% APR financing for 60 months. Returning BMW customers may also qualify for a $4,000 BMW Loyalty APR Credit. That's $10,000 off MSRP plus discounted financing.

The 2024 Genesis G80 EV has some of the biggest discounts on a luxury car. The Advanced trim features a whopping $22,750 lease cash incentive on 36-month contracts good for nearly 30% off MSRP.

While we still don't consider this a cheap car to lease, this could present a surprisingly attractive upgrade from the gas model. Current Genesis offers are scheduled to end on December 2nd, 2024.

The 2024 Mercedes EQS continues to have deep discounts as dealers struggle to clear lots of outgoing inventory. The regular EQS has a $13,500 Mercedes Incentive Bonus you won't see advertised. The higher-performance AMG EQS has an even larger incentive worth $15,000 off MSRP.

Since these are unadvertised manufacturer-to-dealer incentives, you may need to shop around to find a dealer willing to pass along the full amount. Expect to be able to negotiate a great price. This month's Mercedes deals are due to end on December 2nd.

2023 Dodge Charger SXT, GT, and R/T models are eligible for Power Dollars through November 12th. As before, this $10-per-horsepower rebate offers up to $3,700 in savings on the 370-horsepower Charger R/T. Just be aware that the high-powered Charger's SRT variants remain excluded from the promo.

Dodge is continuing to offer a $10-per-horsepower Power Dollars deal on SXT and R/T 2023 Challengers. In the case of the 375-horsepower R/T, that's worth $3,750 in savings. Note that SRT Challengers are excluded and that Power Dollars rebates are only available when buying and not when leasing.

The 2025 RAM 1500 has some of the biggest discounts on any truck. Through November 12th, the heavily revised pickup has a generous combination of rebates. Nationally, there's $1,500 in Bonus that can be stacked with $4,000 in Retail Consumer Cash.

In California, Chrysler Capital is offering an additional $2,000 in Bonus Cash when financing. That's $7,500 in savings, the most we've seen to date. Based on what we've seen in the past, Black Friday deals could emerge after the 12th.